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Grameen Bank’s success story and the growth of microfinance institutions have captured the imagination of overseas investors of various kinds. After SKS Microfinance and Share Microfin, Spandana and Basix are the next set of microfinance institutions to be approached by foreign investors willing to infuse capital. Quebec-based co-operative bank Desjardins and Oiko Credit of the Netherlands figure among the list of investors. […] Evolvence India Fund, (EIF), an established private equity fund of funds focusing on growth capital in India, has announced an investment of US$ 20 million into JM Financial India Fund, a corporate private equity fund sponsored by JM Financial Ltd, a dominant financial services group, and lead investor, Old Lane Partners, based in the U.S. […] Though a relatively young industry, the Indian private equity (PE) industry is witnessing an unprecedented growth on the back of a growing economy. Currently one of the fastest growing markets in the world, the Indian PE industry, which took off with the IT and outsourcing boom, is now witnessing large investments across various sectors – manufacturing, engineering, services, lifesciences, retail and infrastructure. […] The Indian agriculture conglomerate Jain Irrigation Systems is buying 50% of Israel's Na'an Dan Irrigation at a company valuation of NIS 140 million. The two firms will be entering a memorandum of understanding on the transaction next week. Sources in Israel's agriculture sector say that Na'an Dan preferred the Indian offer, even though Israeli company Netafim's offer was more attractive in many respects. […] BT Group Plc, US-based EMW and a number of system integrators are in advanced stages of negotiation with GTL Ltd to acquire its IT services business, a newspaper report said on 24 May. The acquisition price is “believed to be” … […]
Barclays PLC has hired consultancy firm KMPG to sell its 50 pct stake in Intelnet Global Services, an Indian based business process outsourcing (BPO) unit, according to The Economic Times. With India emerging as one of the most preferred investment destinations globally, World Bank's private equity arm, International Finance Corporation (IFC), is aiming at crossing the $500 million mark in new investments by June. “IFC's currently-held portfolio is $1.3 billion (as of June 2006) making India our fourth-largest country of operations. In FY06-07 (ending June 30), we hope to cross the $500 million in new investments in India,” IFC South Asia Senior Manager Sujoy Bose told PTI. […] U.S.-based hedge fund Tudor Investment Corp. plans to inject $100 million into Helios Capital Management Pte. Ltd. and take a 15% equity stake in the India-focused fund company, according to people familiar with the arrangement. Tudor's investment is a sign … […] Wal-Mart Stores Inc., the world's largest retailer, is negotiating for a possible association or strategic stake in Indian logistics firm Radhakrishna Foodland, the Economic Times reported on Thursday. “Wal-Mart is interested in closely working with us but it is too … […] It might be a brick-by-brick process but the slowdown in the property market is evident. Industry watchers firmly believe that with the dollar inflow into realty slowing down, land prices will also sober down, reports CNBC-TV18. Private equity firms are playing the wait-and-watch game. Experts say the volume of private equity joint ventures has fallen. And this is because private equity players expect land prices to fall further. […] |